CREAM - CREAM/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	CREAMUSDT
ISIN:

CREAM - CREAM/USDT - Daily - Technical analysis published on 11/20/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 12.34 USDT

My targets

16.31 USDT (+12.54%)

17.58 USDT (+21.35%)

My analysis

The strong short-term increase for CREAM - CREAM/USDT reinforces the current slightly bullish trend. As long as the price remains above 12.34 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 16.31 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.58 USDT as an objective. Crossing it would then enable buyers to target 22.24 USDT. A return to 12.34 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Consciousconnection. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CREAM - CREAM/USDT price is 14.49 USDT. The price has increased by +76.06% since the last closing with the lowest point at 8.34 USDT and the highest point at 24.34 USDT. The deviation from the price is +73.74% for the low point and -40.47% for the high point.

8.34

24.34

14.49

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CREAM - CREAM/USDT:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of CREAM - CREAM/USDT in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

White line without lower shadow

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	6.61	12.34	14.49	14.80	22.24	26.54
Change (%)	-54.38%	-14.84%	-	+2.14%	+53.49%	+83.16%
Change	-7.88	-2.15	-	+0.31	+7.75	+12.05
Level	Major	Minor	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.78	6.56	7.39	8.17	9.00	9.78	10.61
Camarilla	7.79	7.94	8.08	8.23	8.38	8.53	8.67
Woodie	5.82	6.57	7.43	8.18	9.04	9.79	10.65
Fibonacci	6.56	7.17	7.55	8.17	8.78	9.16	9.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.18	5.42	6.83	8.07	9.48	10.72	12.13
Camarilla	7.50	7.74	7.99	8.23	8.47	8.72	8.96
Woodie	4.26	5.46	6.91	8.11	9.56	10.76	12.21
Fibonacci	5.42	6.44	7.06	8.07	9.09	9.71	10.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.75	9.09	10.36	12.70	13.97	16.31	17.58
Camarilla	10.65	10.98	11.31	11.64	11.97	12.30	12.63
Woodie	6.23	8.82	9.84	12.43	13.45	16.04	17.06
Fibonacci	9.09	10.47	11.32	12.70	14.08	14.93	16.31

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	73.19
MACD (12,26,9):	-0.5600
Directional Movement:	53.74
AROON (14):	78.57
DEMA (21):	8.57
Parabolic SAR (0,02-0,02-0,2):	6.48
Elder Ray (13):	7.01
Super Trend (3,10):	8.59
Zig ZAG (10):	15.44
VORTEX (21):	0.9100
Stochastique (14,3,5):	32.45
TEMA (21):	8.78
Williams %R (14):	-49.58
Chande Momentum Oscillator (20):	6.16
Repulse (5,40,3):	23.2300
ROCnROLL:	1
TRIX (15,9):	-1.5900
Courbe Coppock:	27.94

MA7:	8.59
MA20:	9.50
MA50:	11.62
MA100:	14.26
MAexp7:	9.66
MAexp20:	9.69
MAexp50:	11.39
MAexp100:	14.08
Price / MA7:	+68.68%
Price / MA20:	+52.53%
Price / MA50:	+24.70%
Price / MA100:	+1.61%
Price / MAexp7:	+50.00%
Price / MAexp20:	+49.54%
Price / MAexp50:	+27.22%
Price / MAexp100:	+2.91%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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